WTW unveils leadership transition in the Philippines

WTW unveils leadership transition in the Philippines | Insurance Business Asia

Professionals Risks

WTW unveils leadership transition in the Philippines

Move expected to enhance corporate risk and broking division

Professionals Risks

By
Roxanne Libatique

Willis Towers Watson (WTW), a global advisory and broking firm, has announced leadership changes aimed at enhancing its corporate risk and broking (CRB) business in the Philippines.

Gerald M. Dolina will take over as the head of CRB Philippines and head of WTW Philippines, effective Jan. 2, 2025.

WTW Philippines leadership transition

Dolina, known for his extensive experience in risk management, will replace James Matti, who currently oversees both roles.

Once Dolina assumes his new position, Matti will transition to managing director, health, wealth and career (HWC) Philippines.

Simon Weaver, head of Asia Pacific and CRB Asia Pacific at WTW, recognised Matti’s leadership over nearly two decades, emphasising his contributions in building the firm’s CRB operations in the region.

“Having led the business for the past 18 years, James has built a centre of cultural excellence for our colleagues, delivered service to clients that has consistently delighted them, and in establishing our CRB business, laid strong foundations that will enable this business to evolve in this next chapter of its journey,” he said.

Weaver noted that WTW’s strategic focus is to continue offering specialised risk advisory and broking solutions to clients throughout the region.

New head of CRB Philippines and head of WTW Philippines

Rupert Roberts, head of CRB Southeast Asia at WTW, expressed confidence in Dolina’s leadership, highlighting his decades of experience managing complex risk portfolios.

“We are delighted to announce Gary’s addition to our Philippine business. He is an industry leader, completely committed to exceptional client service. Clients in the Philippines are looking for smarter, more responsive solutions, backed by data and insight,” Roberts said.

Dolina joins WTW from a leadership role at a multinational broker and brings close to 30 years of experience in handling large and complex risks.

Net income for the quarter rose by 48% to US$142 million, up from US$96 million in the second quarter of 2023. Diluted earnings per share (EPS) increased to US$1.36, marking a 55% improvement year-over-year. Adjusted diluted EPS also saw a 24% rise, reaching US$2.55.

The company’s HWC segment experienced a 4% revenue increase, driven by North American project growth and the expansion of client portfolios. Revenue in the risk and broking (R&B) segment grew by 9%, bolstered by new business gains and high client retention rates.

WTW raised its full-year guidance for adjusted operating margins to a range of 23% to 23.5% and revised its projected adjusted EPS to between US$16.00 and US$17.00. The company credits its transformation efforts and operating efficiencies for these improved outlooks.